Cloud Computing Firm Nutanix Posts Smaller-Than-Expected Loss

Data center hardware firm Nutanix reported a smaller-than-expected loss in the company’s first quarterly results since its initial public offering in September.

Excluding items, the company reported a loss of 37 cents per share for the first quarter, smaller than the average analyst loss estimate of 44 cents, according to Thomson Reuters.

Nutanix ntnx, which has been unprofitable for the past few years, said it expects revenue at between $175 million and $180 million in the current quarter. Analysts on average were expecting $168.38 million.

Data center hardware firm Nutanix reported a smaller-than-expected loss in the company’s first quarterly results since its initial public offering in September.

Excluding items, the company reported a loss of 37 cents per share for the first quarter, smaller than the average analyst loss estimate of 44 cents, according to Thomson Reuters.

Nutanix ntnx, which has been unprofitable for the past few years, said it expects revenue at between $175 million and $180 million in the current quarter. Analysts on average were expecting $168.38 million.